Based in Haifa, Israel, Plus500 is an international online CFD broker. Listed on the Main Market of the London Stock Exchange, the company operates its UK business operations under Plus500UK Ltd authorised & regulated by the FCA (#509909).
The powerful and advanced Plus500 WebTrader is a web based proprietary platform. It requires no download and can be used online from any computer. It is so easy to navigate and use, that you can basically execute any order with just 3 clicks. It has real time charts and analysis tools and risk management capabilities and offers both demo and real money modes.
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
The Plus 500 app is available for Android, iOs and Windows phone users. The app offers the same functionalities and high quality as the Webtrader, plus the additional comfort of trading on the go.
With the Plus500.co.uk CFD service, traders can trade in than 2000 assets covering 20 global markets. Assets available for trading include more than 50 different currency pairs, hundreds of shares, commodities, indices, options and EFTs.
Only one type of account is available for real money trading. To open a live trading account a minimum deposit of $100 is required. For those who want to try out the trading platform without committing any real money, they can also open an unlimited demo account with this broker.
Traders have to first choose between a real money account and a demo account. If they choose the demo account, they simply click on the “Demo Mode” and they will be taken to a different screen where they will be required to fill in their details. The process a real money account is a bit more complicated. Traders have to submit some documents (ID, Residence verification). There are also several documents to read and a questionnaire.
Spread and leverage are extremely important. The spreads determine the costs of the trading activity and the leverage the overall scope of this activity. The spreads and leverage ratio at Plus500 depend on the type of assets traded. Nevertheless, this broker is well known among the online trading community for providing competitive spreads.
Deposit and Payments can be made through major credit cards such as Visa or MasterCard, Wire transfers, Paypal and Skrill (Moneybookers).
This Plus500 review will not be complete without referring the operator’s customer service. The website and its help section are available in more than 2 dozen different languages. Communication with the support team can be done through email or live chat. Unfortunately, there is no telephone support available at the present time.
